Civic Intelligence

Voa National Housing Corporation

EIN 52-0886223 • 501(c)3 • Eden Prairie, MN

Refreshing map…

7530 Market Place DriveEden Prairie, MN 55344

www.voa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.58x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.82x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

24%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$825,085

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

168%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

42%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,807,946

Down $2,631,257 (-59%) from 2022

Liabilities

Down

$1,386,905

Down $2,102,512 (-60%) from 2022

Net Assets

Down

$421,041

Down $528,745 (-56%) from 2022

Revenue

Down

$2,408,525

Down $550,297 (-19%) from 2022

Expenses

Up

$4,010,590

Up $2,558,488 (+176%) from 2022

Net Income

Down

-$1,602,065

Down $3,108,785 (-206%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2011: $5,064,690Liabilities 2011: $2,998,198Net Assets 2011: $2,066,4922011Assets 2012: $5,054,985Liabilities 2012: $4,700,308Net Assets 2012: $354,6772012Assets 2013: $13,746,732Liabilities 2013: $14,078,412Net Assets 2013: -$331,6802013Assets 2014: $14,965,734Liabilities 2014: $14,944,470Net Assets 2014: $21,2642014Assets 2015: $17,477,348Liabilities 2015: $17,524,937Net Assets 2015: -$47,5892015Assets 2016: $18,687,461Liabilities 2016: $19,263,540Net Assets 2016: -$576,0792016Assets 2017: $19,399,092Liabilities 2017: $20,591,556Net Assets 2017: -$1,192,4642017Assets 2018: $20,805,342Liabilities 2018: $22,434,813Net Assets 2018: -$1,629,4712018Assets 2019: $2,984,259Liabilities 2019: $5,071,571Net Assets 2019: -$2,087,3122019Assets 2020: $2,352,779Liabilities 2020: $3,994,873Net Assets 2020: -$1,642,0942020Assets 2021: $3,685,138Liabilities 2021: $3,967,434Net Assets 2021: -$282,2962021Assets 2022: $4,439,203Liabilities 2022: $3,489,417Net Assets 2022: $949,7862022Assets 2023: $1,807,946Liabilities 2023: $1,386,905Net Assets 2023: $421,0412023

Highlighted filing

2023

Assets$1,807,946
Liabilities$1,386,905
Net Assets$421,041

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,610,969Expenses 2011: $2,283,912Net Income 2011: -$672,9432011Expenses 2012: $2,164,6972012Revenue 2013: $1,734,782Expenses 2013: $3,065,188Net Income 2013: -$1,330,4062013Revenue 2014: $1,844,798Expenses 2014: $1,785,908Net Income 2014: $58,8902014Revenue 2015: $2,177,288Expenses 2015: $1,208,845Net Income 2015: $968,4432015Revenue 2016: $2,252,814Expenses 2016: $2,664,471Net Income 2016: -$411,6572016Revenue 2017: $2,552,842Expenses 2017: $3,749,158Net Income 2017: -$1,196,3162017Revenue 2018: $2,845,664Expenses 2018: $3,167,208Net Income 2018: -$321,5442018Revenue 2019: $3,368,254Expenses 2019: $3,592,368Net Income 2019: -$224,1142019Revenue 2020: $3,253,770Expenses 2020: $3,257,672Net Income 2020: -$3,9022020Revenue 2021: $2,852,448Expenses 2021: $2,585,128Net Income 2021: $267,3202021Revenue 2022: $2,958,822Expenses 2022: $1,452,102Net Income 2022: $1,506,7202022Revenue 2023: $2,408,525Expenses 2023: $4,010,590Net Income 2023: -$1,602,0652023

Highlighted filing

2023

Revenue$2,408,525
Expenses$4,010,590
Net Income-$1,602,065

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.81$1.39$0.42$2.41$4.01$1.60
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$3.49$0.95$2.96$1.45$1.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$3.97$0.28$2.85$2.59$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$3.99$1.64$3.25$3.26$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$5.07$2.09$3.37$3.59$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.8$22.4$1.63$2.85$3.17$0.32
2017Summary only. Only limited summary data is available for this year.$19.4$20.6$1.19$2.55$3.75$1.20
2016Detailed filing. Detailed filing data is available for this year.$18.7$19.3$0.58$2.25$2.66$0.41
2015Detailed filing. Detailed filing data is available for this year.$17.5$17.5$0.05$2.18$1.21$0.97
2014Detailed filing. Detailed filing data is available for this year.$15.0$14.9$0.02$1.84$1.79$0.06
2013Summary only. Only limited summary data is available for this year.$13.7$14.1$0.33$1.73$3.07$1.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$4.70$0.35$2.16
2011Summary only. Only limited summary data is available for this year.$5.06$3.00$2.07$1.61$2.28$0.67
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 27, 2017
Return Version
2015v3.0
Gross Receipts
$2,252,814
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,717,520$3,463,447▼ $1,254,073
Savings and Temporary Cash Investments$468,339$473,129▲ $4,790
Prepaid Expenses and Deferred Charges$59,370$245,131▲ $185,761
Accounts Receivable$269,387$215,377▼ $54,010
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$17,477,348$18,687,461▲ $1,210,113
Other Assets Total$11,962,732$14,290,377▲ $2,327,645
Liabilities
Other Liabilities$12,929,480$14,391,249▲ $1,461,769
Accounts Payable and Accrued Expenses$2,821,785$3,057,383▲ $235,598
Escrow Account Liability$1,773,672$1,814,908▲ $41,236
Total Liabilities$17,524,937$19,263,540▲ $1,738,603
Net Assets / Fund Balance
Unrestricted Net Assets$-47,589$-576,079▼ $528,490
Total Net Assets Fund Balance$-47,589$-576,079▼ $528,490
Total Liabilities and Net Assets / Fund Balance$17,477,348$18,687,461▲ $1,210,113

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$7,978$7,978
Other Assets Org$14,290,377--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kikumoto C DavidBoard Chair
King Michael WPresident and CEO
Morland JohnVice Chairperson
Burks JaneDirector
Carrington EdwinaDirector
Cooper WillDirector
Dale KarenDirector
Edeburn AndyDirector
Leblanc JamesDirector
Schnare AnnDirector
Sullivan MichaelDirector
Wakefield SteveDirector
Keller Cynthia RAsst. Secretary
Sheridan Patrick NAsst. Secretary
Cohen Juanita JAsst. Secretary/Treasurer
Gavin Nancy aAsst. Secretary/Treasurer
Perry Deborah aAsst. Secretary/Treasurer
Turnbull Thomas DAsst. Secretary/Treasurer
Budzynski Joseph aAsst. Secretary/Treasurer & CFO
Gibson Robert DEVP, Chief of staff
Olson Wayne CEVP, healthcare oper. & develop.
Moore CarolSecretary
Feldman NancyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,229,692
Investment Income
$23,122
Other Revenue
$0
Change in Net Assets
$-411,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,252,814
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,252,814
Total Revenue per Form 990
$2,252,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,555,022
Other Expenses$1,109,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,317,407--$1,317,407
Fees for Services Accounting$629,470--$629,470
Other Expenses$313,321--$313,321
Pension Plan Contributions$237,615--$237,615
Fees for Services Management-$98,990-$98,990
Fees for Services Other$54,368--$54,368
Office Expenses$7,524--$7,524
Insurance$5,338$54-$5,392
Information Technology$384--$384
Total Functional Expenses$2,565,427$99,044$0$2,664,471

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,781,304
Expenses per Audited Statements$2,664,471
Total Expenses per Form 990$2,664,471
Expenses Not Reported on Form 990$116,833
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
intercompany payable - VOANS$14,391,249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Michael king, joseph budzynski, thomas turnbull, patrick sheridan, wayne olson, deborah perry, nancy gavin, juanita cohen, robert gibson, and cynthia keller have business relationships with each other, because they serve as directors, officers, and/or key employees of volunteers of america, inc., volunteers of america national services, and/or their related organizations.

Form 990, Part VI, Section A, line 6

Volunteers of america, inc. is a member.

Form 990, Part VI, Section A, line 7A

volunteers of america, inc. has the right to elect or appoint directors.

Form 990, Part VI, Section A, line 7B

volunteers of america, inc. approves amendments to the articles and bylaws.

Form 990, Part VI, Section B, line 11

The tax return is provided to the Board of Directors for review. The board has 5 days to review and give comments on the return. After the comment period, any changes will be made to the return. The Board of Directors is then provided a complete copy of the final return upon filing.

Form 990, Part VI, Section B, line 12C

The policy requires officers, directors, and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event potential conflicts arise. Potential conflicts of interest are reviewed by the Board of Directors.

Form 990, Part VI, Section B, line 15

The organization's president and ceo is not compensated by the organization but is compensated by a related organization, volunteers of america, inc. Volunteers of america's process for determining compensation of the organization's president and ceo, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee conducts a market compensation analysis review every year and reports their conclusions to the board of directors.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Part VI, Section B, Line 13:

The organization follows the whistleblower policy adopted by its manager, volunteers of america national services.

Part VI, Section B, Line 14:

The organization follows the document retention and destruction policy adopted by its manager, volunteers of america national services.

Filing and Contact Details

Filer

Filer Name
VOA National Housing Corporation
EIN
52-0886223
Phone
9529410305
Address
7530 Market Place Drive, Eden Prairie, MN 55344

Signing Officer

Name
nancy gavin
Title
VP financial services
Phone
9529410305
Signed
2017-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
1996
Legal Domicile
La
Voting Board Members
14
Independent Board Members
13
Employees
156
Volunteers
13

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
225 S 6th St 2300, Minneapolis, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

part I, line 1 and part III, line I:

ESTABLISHED IN 1976, VOLUNTEERS OF AMERICA national housing corporation's primary purpose is to operate a religious, missionary and welfare society, humanitarian in method and having for its object and purposes the reaching and uplifting of people, extending aid, both spiritual and material to all persons who may come within the sphere of its influence. the organization may buy and sell real estate, develop services and housing for the disadvantaged, disabled and elderly, and manage said housing.

Form 990, Part XI, line 9:

Pension-related changes other than net periodic pension cost -116,833.

FORM 990, PART XII, LINE 2C:

Neither the oversight process of the audit or the selection process of the independent accountant changed during the tax year.

Financial Statement Notes

Part IV, Line 1B:

Trust, escrow and custodial arrangements: volunteers of america national housing corporation collects insurance, taxes and escrow dollars from most volunteers of america owned housing properties and remits them to the proper insurance providers or tax authorities.

Part X, Line 2:

THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR UNCERTAINTY AND HAS NO UNRECOGNIZED TAX MATTERS THAT ARE REQUIRED TO BE DISCLOSED. The organization is open to examination for the fiscal years 2013 through 2016. The organization had no income tax expense and there were no cash payments for income taxes in 2016 and 2015.

Part XII, Line 2D - Other Adjustments:

Pension-related changes other than net periodic pension cost 116,833.

Raw XML AppendixShowing 400 of 2,066 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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